The BNB underwent a significant correction, with the price dropping from US$ 900 to around US$ 700 in the last sessions. The decline erased months of gains and brought the asset to a seven-month low.
Although selling pressure has prevailed, the negative movement may not be over if investor behavior does not change. Initial on-chain trends indicate that the scenario could still change.
BNB registers an increase in the number of new investors
BNB's network activity has shown strength even with the price drop. The creation of new addresses has grown consistently in recent days, reaching almost 1.3 million additions. Currently, the network continues to add more than 1 million new addresses daily. This advancement indicates ongoing interest during a period of intense volatility.
Ethereum network activity surges, but this does not guarantee price increase
The Ethereum network is experiencing its most active phase to date. However, this does not necessarily indicate an optimistic outlook. Recent on-chain data reveals that Ethereum has reached an important milestone, with the transfer count hitting a historic record. In the past, similar signals have not always resulted in positive performance for prices.
Additionally, a significant increase in inflows to exchanges raises concerns that selling pressure has not yet been overcome.
Solana near US$ 90 does not deter long-term investors
Solana continues to face strong distribution pressure after an intense liquidation, with the price forming a descending wedge pattern on the daily chart. This setup resembles the movement recorded in the previous cycle, which preceded a significant recovery.
In addition to the technical symmetry, on-chain valuation metrics suggest that SOL may be entering a consolidation phase, as the downward momentum continues to decelerate.
Bitcoin has entered a critical phase after the recent correction that brought the price down to the region of $70,000. From a macroeconomic perspective, this movement exposes BTC to an increased risk of decline.
Several on-chain and technical indicators are now pointing to a bearish outlook. However, large investors are actively accumulating, seeking to slow down or reverse the developing trend.
Bitcoin loses important on-chain support
Bitcoin fell below the True Market Mean for the first time since September 2023. This indicator reflects the aggregate cost of coins in active circulation. Trading below this level signals a weakening of conviction among participants and indicates a structural change in market behavior.
Justice of São Paulo orders blocking of USDC by Circle in fraud case
The Justice of São Paulo made an unprecedented decision in a case of fraud involving cryptocurrencies. A judge from the Civil Court ordered the blocking of USDC (a stablecoin, that is, a cryptocurrency pegged to the dollar) by Circle, the issuer of the asset.
The victim lost about US$ 13 thousand in a fraudulent scheme. The scam began with ads promising high returns in the crypto market through artificial intelligence.
The fraud was gradual. A false mentor guided the victim step by step, building trust over time. The person was directed to a platform called 'Atual Invest', which had a professional appearance.
XRP recorded a sharp decline, falling 24% in the last week due to increased selling pressure in the market. The movement left the altcoin in a vulnerable position, breaking the pattern of previous recoveries.
This persistent weakness indicates that the current correction may change the historical price behavior of XRP if demand does not return.
XRP's history indicates recovery ahead
The unrealized liquid profit and loss is approaching the capitulation zone. At this stage, unrealized losses exceed small gains in the circulating supply. Historically, these conditions reduce selling momentum.
Treasury in XRP leads Evernorth to a loss of $380 million
Most Digital Asset Treasuries (DATs) are facing increasing unrealized losses as the total market capitalization of cryptocurrencies continues to decline. Companies betting on the long-term value of XRP and holding it as a treasury asset, like Evernorth, are going through a similar situation.
Despite the challenges, signals from retail investors and advancements within the Ripple ecosystem fuel expectations for a recovery for XRP.
Why is the cryptocurrency market down today 05/02/2026?
The total market capitalization of cryptocurrencies (TOTAL) has fallen further on the daily chart, with Bitcoin (BTC) leading the declines. Zcash (ZEC) has emerged as the worst-performing altcoin of the day, with a sharp drop of 20%.
In today's news:
The debate over the CLARITY Act has focused on disputes regarding the yield of stablecoins between banks and cryptocurrency companies, overshadowing broader implications. If passed, the law could normalize surveillance in the style of the Bank Secrecy Act in the cryptocurrency sector, pressuring intermediaries to abandon privacy assets before legislators fully discuss the trade-offs in terms of privacy.
Bitcoin price falls below $70,000 after a 21% drop this week
The price of Bitcoin fell below the level of $70,000 on Tuesday, reaching an intraday low of $69,922 at the time of this report. This movement marks the first time that BTC has traded at this level since November 2024, highlighting the intensity of the ongoing correction.
The decline was driven by negative macroeconomic signals and a strong process of deleveraging in the derivatives markets. In the last 24 hours, cascading liquidations totaled around $451 million, increasing selling pressure and accelerating losses.
Ripio expands stablecoin offerings and begins listing Ripple USD (RLUSD)
Ripio announced the expansion of its stablecoin offerings with the listing of Ripple USD (RLUSD). Starting today, users in Brazil and Argentina can trade the asset directly on the platform. The RLUSD is a stablecoin pegged to the US dollar at a ratio of 1:1.
This means that each unit of the token aims to match the value of US$ 1. The asset is backed by highly liquid instruments denominated in dollars, which helps to sustain its stability.
According to the company, the stablecoin was designed to offer fast transfers, reduced costs, and greater predictability. These features make the asset attractive for both retail users and larger-scale operations.
Stellar (XLM) has fallen below US$ 0.20. This movement has eliminated all the recovery achieved last year. However, several signals indicate that many investors still remain in the ecosystem.
Additionally, real-world assets (RWA) and stablecoins may become important vectors for a new wave of XLM accumulation.
Positive signals for Stellar despite the strong decline
Data from DefiLlama shows that the volume of XLM locked in DeFi protocols on the Stellar network reached an all-time high in early February 2026, exceeding 900 million XLM.
The price of Solana is under strong pressure at the beginning of February, accumulating a decline of almost 30% in the last 30 days and trading within a weakened descending channel. The value continues to approach the lower range of this structure, while the conviction of long-term investors diminishes.
At the same time, net staking activity has dropped drastically, purchases on exchanges have slowed down, and short-term traders are reopening positions. These signals indicate that more SOL is becoming available for potential sale just as technical support loses strength.
Aneel recognizes blockchain as the official technology of the electric sector
The National Electric Energy Agency (Aneel) has officially recognized blockchain as an enabling technology for new activities in the electric energy market. The change is stated in Normative Resolution No. 1,150, published in January.
The update of the regulatory framework does not create specific technical rules. But it opens space for companies in the sector to use blockchain — a distributed ledger technology that functions as a shared and immutable digital ledger — as a basis for new services.
Digital gold grows by 94% in average value invested in Brazil in 2025
Stablecoins backed by physical gold are gaining traction as an alternative to the costs of custody, transportation, and insurance of traditional metal. Investment in digital gold grew in Brazil in 2025. Data from MB | Mercado Bitcoin shows that the average amount invested in the asset increased by 94% during the period. The volume under custody rose by 122%.
The movement occurs while physical gold accumulates 39 price records for the year. The metal appreciated more than the S&P 500 — an index that includes the largest companies in the US, which rose by 18%, while gold increased without a specified percentage in the provided data.
El Salvador has already accumulated over 7,550 Bitcoins and remains confident
El Salvador's strategic Bitcoin reserve is once again drawing attention after a new purchase announcement, while the price of BTC has dropped 14% in the last 7 days. The strategy advocated by President Nayib Bukele remains active even in periods of volatility, reinforcing the country's commitment to long-term accumulation.
This movement confirms that the policy of periodic acquisitions remains in effect, despite recent regulatory changes and international pressure.
El Salvador's strategic Bitcoin reserve continues to grow
Global bank sees Solana's drop as long-term opportunity
Standard Chartered is guiding investors to look beyond short-term volatility in digital assets and to focus on what it calls 'quality' projects in blockchain.
The statement was made as the recent drop redefines the relative value across the crypto market.
Standard Chartered supports Ethereum and Solana
Geoff Kendrick, head of Research on Coins and Digital Assets at the bank, stated that he is accumulating assets during the downturn. For the analyst, the retraction movement marks a decisive moment for long-term focused investors.
Tether's retreat from $500 billion rekindles IPO rumors
Tether, the issuer of the USDT stablecoin worth $185 billion, has significantly reduced its private fundraising ambitions.
This move raises doubts about a possible IPO that was previously speculated by industry names like Arthur Hayes, co-founder of BitMEX.
Investor pressure leads Tether to reassess funding plans
Tether was initially considering raising between $15 billion and $20 billion with a valuation of $500 billion. This amount would position the issuer of the stablecoin among the most valuable private companies in the world.
Ripple's XRP aims for $1.70 even with still bearish indicators
The price of XRP remains pressured at the beginning of February, while the widespread weakness in the market continues to affect altcoins. The token has accumulated a drop of nearly 25% on a monthly basis and remains stuck in a long-term downtrend channel.
The recent attempts at recovery have not changed the prevailing trend. Exchange flows and price structure indicate a high risk. However, more detailed on-chain data suggest that the selling pressure mainly came from short-term investors, rather than large long-term investors. This divergence creates an increasing conflict between the apparent fragility of the market and the early signs of accumulation.
Bitcoin confirms 5% rise, but worrying signals remain
The price of Bitcoin has recorded a short-term recovery after retreating to recent lows, rising nearly 5% since the bottom of January to test the $76,980 range. This BTC movement occurred after a positive momentum signal on the 4-hour chart, at which point the selling pressure appeared to lose strength.
In an initial analysis, the BTC reaction seemed technically justified. A known short-term pattern had already repeated itself before. However, when examining the on-chain and market structure data, three key metrics now question whether this advance can turn into a prolonged recovery.
Is Solana's WHITEWHALE a scam or the perfect memecoin?
Due to the volatility often observed among Solana's memecoins, surviving is already a rare feat. Nevertheless, The White Whale (WHITEWHALE), created on the Pump.fun launchpad at the end of 2025, defied predictions.
WHITEWHALE faced massive selling, accusations of fraud, and intense criticism from traders and analysts.
Intense price fluctuations of WHITEWHALE and the origins of its memecoin narrative
At the time of this report, WHITEWHALE is trading at $0.089, with CoinGecko data indicating a market capitalization of $89.6 million.